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2 . 2 % APR, compounded monthly, and you wish to refinance what you still owe with asnew loan at this new rate. ( a

2.2% APR, compounded monthly, and you wish to refinance what you still owe with asnew loan at this new rate.
(a) How much (in dollars) will you be refinancing? Round your answer to the nearest dollar.
(b) How much (in dollars) will your new monthly payment be after refinancing? Round your answer to the nearest cent.
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